Edelmann 71445 Pressure Hose on 2040-parts.com

Toyoda says company is ‘grasping for salvation', fears big sales loss

Toyota Motor Corp. President Akio Toyoda said his money-losing automaker is “grasping for salvation” as it struggles to return to profit. The world's largest car company was once targeting annual sales of 10 million vehicles but now expects sales of 7.3 million this year, down from 8.97 million in 2008, Toyoda said today at a news conference.

Used cars 'getting cheaper'

CONSUMERS holding on to their motor for longer are driving down the cost of used cars, according to new research. The average price for a second-hand car in July-September 2011 was £8,870 - a 2.4% decline compared with the same period a year ago, according to the Auto Trader company. It is the first time the price has dipped below £9,000 since the company started tracking the market in January 2010.

Corvette at the London motor show 2008

Corvette ZR1: a large slice of Americana supercar-style on the GM stand at the London motor show 2008 By Guy Bird and CAR reader reporter asp Motor Shows 24 July 2008 09:57 Surrounded by a sea of silver Cadillacs, the trio of colourful Corvettes offered a beacon of sports car relief on GM's rambling stand that stretched from brash Hummers in one corner to a procession of Insignias in every colour imaginable on the other side. What’s new on Corvette’s London motor show stand? The bright red ZR1 – the fastest ever Corvette – made its UK debut in a brilliant red paint job flanked by the Z06 and C6 on either side, both in yellow.